Merano Partners: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Merano Partners
Largest movements
- Cash +€41,960
up €41,960 (+80.6%), from €52,059 to €94,019
mainly Net result for the year (+€47,579) and Tax, wage and social debts (+€16,990)
- Receivables within one year -€12,865
down €12,865 (-23.0%), from €56,043 to €43,178
- Tangible fixed assets -€5,392
down €5,392 (-34.0%), from €15,862 to €10,470
of which Furniture and vehicles: -€3,019
- Tax, wage and social debts +€16,990
up €16,990 (+299%), from €5,686 to €22,676
- Profit (loss) carried forward +€7,579
up €7,579 (+25.0%), from €30,303 to €37,882
- Gross operating margin +€3,462
up €3,462 (+5.3%), from €64,845 to €68,307
- Financial income -€1,401
down €1,401 (-76.7%), from €1,825 to €424
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,965 | €147,667 | +€23,702 | +19.1% |
| Fixed assets | 21/28 | €15,862 | €10,470 | -€5,392 | -34.0% |
| Tangible fixed assets | 22/27 | €15,862 | €10,470 | -€5,392 | -34.0% |
| Furniture and vehicles | 24 | €6,180 | €3,162 | -€3,019 | -48.8% |
| Leasing and similar rights | 25 | €5,569 | €3,690 | -€1,879 | -33.7% |
| Other tangible fixed assets | 26 | €4,113 | €3,618 | -€495 | -12.0% |
| Current assets | 29/58 | €108,102 | €137,197 | +€29,095 | +26.9% |
| Amounts receivable within one year | 40/41 | €56,043 | €43,178 | -€12,865 | -23.0% |
| Trade receivables | 40 | €56,043 | €43,178 | -€12,865 | -23.0% |
| Cash at bank and in hand | 54/58 | €52,059 | €94,019 | +€41,960 | +80.6% |
| Total equity and liabilities | 10/49 | €123,965 | €147,667 | +€23,702 | +19.1% |
| Equity | 10/15 | €50,763 | €58,342 | +€7,579 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,303 | €37,882 | +€7,579 | +25.0% |
| Amounts payable | 17/49 | €73,202 | €89,325 | +€16,123 | +22.0% |
| Amounts payable within one year | 42/48 | €73,202 | €89,325 | +€16,123 | +22.0% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €17,516 | €16,649 | -€867 | -4.9% |
| Suppliers | 440/4 | €17,516 | €16,649 | -€867 | -4.9% |
| Taxes, remuneration and social security | 45 | €5,686 | €22,676 | +€16,990 | +299% |
| Taxes | 450/3 | €5,686 | €22,676 | +€16,990 | +299% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,276 | €5,392 | +€116 | +2.2% |
| Other operating charges | 640/8 | €907 | €924 | +€17 | +1.9% |
| Non-recurring operating charges | 66A | €58 | €391 | +€333 | +575% |
| Gross operating margin | 9900 | €64,845 | €68,307 | +€3,462 | +5.3% |
| Operating profit (loss) | 9901 | €58,604 | €61,599 | +€2,995 | +5.1% |
| Financial income | 75/76B | €1,825 | €424 | -€1,401 | -76.7% |
| Recurring financial income | 75 | €1,825 | €424 | -€1,401 | -76.7% |
| Financial charges | 65/66B | €588 | €1,007 | +€418 | +71.1% |
| Recurring financial charges | 65 | €588 | €1,007 | +€418 | +71.1% |
| Profit (loss) for the period before taxes | 9903 | €59,841 | €61,017 | +€1,176 | +2.0% |
| Income taxes | 67/77 | €13,177 | €13,437 | +€261 | +2.0% |
| Profit (loss) for the period | 9904 | €46,664 | €47,579 | +€915 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,664 | €47,579 | +€915 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.